Latest Articles

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October 13, 2020 

AICPA Announces 2020 Leadership Academy Graduates

The 2020 class discussed key issues and interacted with influential leaders in the profession including, Tracy Golden, CPA, CGMA, AICPA chair; Sue Coffey, CPA, CGMA, AICPA executive vice president, public practice; Tom Hood, CPA, CITP, CGMA, CEO of the...

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October 12, 2020 

79% of Americans Still Feeling Financial Stress Due to Covid

About one third (34 percent) of Americans say they are “extremely/very concerned” about their personal financial situation right now, compared to 43 percent when the survey was issued in April. Combined with the 34 percent who say they are ...

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October 12, 2020 

The Unspoken Tradeoffs of Virtual Cards

Those pushy emails about “e-payments” were probably enticing. Your vendor sent you an invoice—you forwarded it to your payment provider—and they said to the vendor, “Hey, want to get paid faster? Try e-payments! It’s the future!” Little did your vendor realize, “e-payments” is code for virtual cards and credit cards. They would have to pay...…

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October 9, 2020 

Coping With the Current Net Investment Income Tax

The outcome could be significant on a number of fronts. One issue that has largely flown under the radar: The ACA authorizes the imposition of several taxes, including the “net investment income tax” (NIIT) affecting certain high-income investors.

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October 9, 2020 

Key Income Tax Changes for Mortgage Interest

Congress keeps chipping away at itemized deductions like the one for mortgage interest. This includes the latest changes under the Tax Cuts and Jobs Act (TCJA) for 2018 through 2025. The good news: Generally, you can still deduct most or all of ...